LVMH
Rated for year 2023: Non vegan
Score: -2
Industry: Apparel, Accessories, & Footwear
Analysis:
In 2023 the company still highly and increasingly depends on its “Fashion and Leather Goods” division revenue, which respectively represented 34%[1] and 48%[2] of its total revenue between 2016 and 2022. Furthermore, to date LVMH has not declared any ambition or set up any measurable target to ban fur and exotic skins in a reasonable timeframe.
BENEFICIAL ASPECTS: none
HARMFUL ASPECTS: animal skins industry
Sources:
https://fr.louisvuitton.com/fra-fr/rechercher/crocodile%20brillant
[1] LVMH 2016 Registration document, p. 26 https://r.lvmh-static.com/uploads/2017/03/lvmh_ra_gb_2016.pdf
[2] LVMH 2022 Registration document, p. 2 : https://r.lvmh-static.com/uploads/2023/03/deu-2022-va_vdef.pdf
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